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Dec 28, 2012
12/12
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that is all that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not
that is all that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff....
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Nov 9, 2012
11/12
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KRON
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investors are on edge that fears have gridlock in washington will force the economy of the fiscal cliff. those overshadowed some positive reports on the weekly initial jobless numbers and the monthly trade balance. store sales for the first time in nearly a decade. mcdonald's showing that sales dropped that has not happened since 2003. u.s. locations were hurt by a modest consumer demand and higher competition from the month of october. , africa and to the least. in also saw its decline in europe, south asia. and other locations internationally. pair of black friday will actually be if 8:00 p.m. thursday evening on wal- mart. new offers to be introduced at 10:00 p.m., with more discounts offered at 5:00 a.m. for the early risers. and wal-mart plans a separate sale online. president obama will address the nation tomorrow is urging lawmakers to head off the drastic budget cuts. huge tax hikes that will go into effect january 1st. catherine heenan will explain why this is the pouring of a new crisis. >> the fiscal cliff. >> the fiscal cliff. >> the physical plant. >> the looming fiscal cli
investors are on edge that fears have gridlock in washington will force the economy of the fiscal cliff. those overshadowed some positive reports on the weekly initial jobless numbers and the monthly trade balance. store sales for the first time in nearly a decade. mcdonald's showing that sales dropped that has not happened since 2003. u.s. locations were hurt by a modest consumer demand and higher competition from the month of october. , africa and to the least. in also saw its decline in...
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Jul 18, 2012
07/12
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KRON
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the country needs to avoid falling off of a fiscal cliff according to ben bernake. he gave a midyear update to congress saying the economy will probably continue to grow at a moderate pace but he says if congress does not deal with a budget crisis soon things could be worse. >> he said the federal reserve is ready to take and to the necessary but says congress should be in charge. apple is working on the newest version of the iphone. the wall street journal says it could be lighter than the 4s senior. the screen is expected to be thinner and it could have new touch centers they could make for better looking images. the iphone 5 could hit stores as soon as is false. >>stanley: coming up, a road so busy that engineers build a pedestrian over crossing, but do they use it? i will show you in the next edition of seoul and to tell seoul and to tell us if this house laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong p
the country needs to avoid falling off of a fiscal cliff according to ben bernake. he gave a midyear update to congress saying the economy will probably continue to grow at a moderate pace but he says if congress does not deal with a budget crisis soon things could be worse. >> he said the federal reserve is ready to take and to the necessary but says congress should be in charge. apple is working on the newest version of the iphone. the wall street journal says it could be lighter than...
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Dec 31, 2012
12/12
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KRON
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with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. "unless we do something about spending, the government will continue to get bigger and the deficit will continue to get bigger." >> reporter: following the president's interview, speaker of t
with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>>...
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Nov 27, 2012
11/12
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KRON
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the most americans understand the fiscal cliff is a scary and a series of living tax hikes. it could damage the economy. president obama has been pressuring congressional leaders to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never vote for higher indicate taxes. >> and for the good of the country only if democrats would do a title that. >> the pledge that we signed 18-20 years ago but the world has changed. >> is music to the ears of the white house but disturbing to this man. the anti-tax crusader that cut republicans to tax no tax- agreement. it >> if you want to go to your voters and say i promised to this and i am breaking the promise you have that conversation. >> if he seems confident so for these numbers are not on his side. 258 members of congress that have signed the pledge with only one half dozen have publicly expressed doubts about it. the test of weather they are were ready to break the tax increase will, in the next six weeks. catherine heenan, kron 4. >> the state of yo
the most americans understand the fiscal cliff is a scary and a series of living tax hikes. it could damage the economy. president obama has been pressuring congressional leaders to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never vote for higher indicate taxes. >> and for the good of the country only if democrats would do a title that. >> the pledge that we signed 18-20 years ago but the...
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Nov 26, 2012
11/12
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with level evidence of progress in striking a deal to avoid " the fiscal cliff. >> the series a tax increases and spending cuts set to go into effect next year would dramatically alter the economy. but the the joins reports. >> we must get an agreement. --athena jones.. >> this is not a done deal or a certainty if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find common ground to avoid cuts that should be concerning for everyone. >> they should be worried if we have a defense job or if we are dependent on others of the federal budget. the regulation of our food safety, and our borders being secure. or fbi. >> the sticking point is what to do about taxes. the democrats want to raise taxes for the wealthy and republicans to not. the anti-tax crusader had gotten a majority of the " law makers to pledge not to support any effort to raise taxes. >> i'm willing to recorgenerate revenue. where is below but i will not raise tax rates to do it i will cap deductions, and violates the pledge, long stor
with level evidence of progress in striking a deal to avoid " the fiscal cliff. >> the series a tax increases and spending cuts set to go into effect next year would dramatically alter the economy. but the the joins reports. >> we must get an agreement. --athena jones.. >> this is not a done deal or a certainty if congress does nothing which they're pretty good about these days. we will go over the fiscal cliff. >> staffers have a working behind the scenes to find...
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186
Dec 1, 2012
12/12
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KRON
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revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>catherine: the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the public will help build momentum....and pressure congress to act. of course the real negotiating is going on behind closed doors.. and with 32 days before tax hikes and spending cuts kick in....there are few signs of progress... catherine heenan, kron 4. >> congressional insiders that a deal could be reached before the deadline we will be right back. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to l
revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>catherine: the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on...